Tag: EnergyCosts
Preparing for April increase – fuel price alert
The war in Iran, particularly supply blockages through the Strait of Hormuz, has pushed global oil prices sharply higher. Before the conflict began, oil traded at around $68 per barrel. It now sits near $105 per barrel. This shift represents an increase of about 54%. At the same time, the South African currency has weakened.
Is SA hospitality’s ‘recovery’ hiding a deeper structural risk?
The headlines keep telling us that South Africa’s hotel sector is witnessing a strong recovery. This year, analysts estimated the market at $11.49 billion. They expect it to exceed $15 billion by 2030, at a CAGR of 6.37% between 2025 and 2030. However, anyone running a hotel locally knows these figures tell only part of the story. In reality, SA hospitality’s ‘recovery’ looks far more fragile on the ground.
